The Nintendo Switch has been a major success for the Japanese company, with more than 100 million units sold worldwide.
With the console being released in March of this year, Nintendo has managed to capture demand among people who are at home due to an illness or other circumstance.
Nintendo revised its Switch sale estimate to 23 million units for this fiscal year, a decrease of one million from the initial plan. The company had been forced into cutting production due to a worldwide semiconductor shortage that has since passed but is still currently experiencing shortages within their supply chain as well!
Nintendo’s annual sales projection was lowered by 1.5 million units after they found that the parts shortage is affecting their ability to produce games for gamers around the world, causing difficulties in procuring these needed resources.
Nintendo’s downward revision came after they lowered the annual sales projection by 1.5 million units from 25.5 last year, reflecting difficulties in procuring parts due to a semiconductor shortage- something that has hindered many companies across various industries around today’s world economy.
“Thank you for your continued support,” Nintendo President Shuntaro Furukawa told an online press conference. He went on to say that ‘switch sales remained strong during the holiday season last year.’‘
“We want our players’ happiness and satisfaction with each purchase or session they have,” he added before wrapping up his message by expressing gratitude towards those who make this possible every day!
Furukawa said that, while the Switch has been selling well for years now and should show no signs of slowing down soon enough in its sixth year on shelves (especially with how competitive games have become), they’re still eager to break out from this pattern.
The Switch has been a major success for Nintendo, surpassing their previous best-selling console. Cumulative sales of the device have reached 101 million units as it continues to be one of the gamers’ most desired gaming systems on earth!
Though Nintendo enjoyed a significant increase in sales and profits during the year previous, it was not enough to keep up with growth this time around. For April-December 2021 alone (FY2021), their revenue dropped 6% from last year’s pace while net income dipped 2%.
The decrease started early for the Fiscal Year 2020 where they made ¥1 320 million less than before ultimately ending at 3674M yen ($3 million).
